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NBR revenue grew by 19pc in FY 2012

The National Board of Revenue exceeded its revenue collection target in the concluded fiscal year of 2011-2012 by Tk 2,211 crore with 18.95 per cent annual growth, mainly due to the healthy growth of value-added... Full story

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MCCI sees major hurdles to achieve 7.2pc GDP growth

Country’s economy is facing serious problems including power shortage, and high government borrowing from banks which led to liquidity shortage and high interest rates, said the Metropolitan Chambers of Commerce and Industry. Full story

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BB decision may deepen liquidity crisis

Bangladesh Bank’s decision asking 25 non-primary dealer banks to hold 40 per cent of treasury bills and bonds on a mandatory basis would deepen liquidity crisis in the banking sector because of further increase... Full story

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Dhaka stocks fall on profit taking sales

Dhaka stocks fell on Wednesday after two days of rise as some investors went for sell-offs to minimise their losses. DGEN, the benchmark general index of Dhaka Stock Exchange, lost 2.23 per... Full story

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SEC asks for investment information from 4 banks

The Security and Exchange Commission has asked four commercial banks to submit their stock market investment details after they published newspaper advertisements in the last few days announcing to... Full story

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Onion price rises despite govt moves

The price of onion increased again on the retail markets in the city on Tuesday, the fourth day of Ramadan, despite the government’s efforts to check price hike of the commodity, said consumers. Full story

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Sonar Bangla Insurance re-elects chairman

The board of directors of Sonar Bangla Insurance Ltd unanimously re-elected Sheikh Kabir Hossain as chairman and elected Md Ruhul Amin as vice-chairman. The election was held at the 88th meeting of the board... Full story

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Global body says Indian aviation sector ‘in crisis’

India’s highly competitive aviation sector is in ‘crisis,’ crippled by high costs and exorbitant taxes, the International Air Transport Association said on Wednesday. India’s major carriers, including state-owned Air India... Full story

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Oil up in Asia but eurozone fears cap gains

Oil rebounded from earlier losses in Asia Tuesday as investors picked up bargains but the underlying mood remained weak on concerns over the eurozone’s long-running debt crisis, analysts said. Full story

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Market Disclosures

Social Islami Bank The company has informed that cash dividend for the year 2011 has been credited to the respective shareholders’ bank accounts through BEFTN system. Full story

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Euro inches off multi-year lows in Asian trade

The euro inched higher in Asian trade on Wednesday after hitting new multi-year lows against the dollar and yen amid worries over the European debt crisis. In afternoon Tokyo trade the single currency fetched... Full story

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Britain sinks far deeper into recession than expected

Britain’s economy shrank far more than expected in the second quarter of 2012, battered by everything from an extra day’s holiday to budget austerity and the neighbouring eurozone crisis. Full story

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Japan posts record H1 trade deficit

Japan posted a record first-half trade deficit of $37.3 billion Wednesday as energy costs soared and exports to key markets slumped, while analysts warned of further pain for the next six months. Full story

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Economists issue euro crisis blueprint

The eurozone faces economic disaster unless its financially stronger states and its central bank commit to bearing a larger share of the region’s debt burden, leading global economists including two advisers... Full story

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China economy to rebound in second half: IMF

China’s economy will rebound in the second half of 2012 to achieve annual growth of eight per cent as government policies to spur growth take effect, the International Monetary Fund said Wednesday. Full story

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